Rate-improvement
Rate-improvement
Rate-improvement is a provision included in some fixed-rate mortgages; it allows the borrower to reduce the loan's interest rate one time during the loan's life. Without this provision, such a rate change would require a refinance.
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National Rates
| Loan Type | Today |
|---|---|
| 30 yr fixed | 4.83 |
| 15 yr fixed |
4.39 |
| 5/1 ARM | 3.69 |
Rates may contain points
